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What can I do if I wanna know CityInv260's regulatory information?
Marios Mela
India
2023-09-26
ANSWER To verify the regulatory status of a broker, you can search the registers of the relevant financial regulators. Only legally registered brokers will have records in these registers. You can also visit our website, where we provide updated information on the regulatory status of various brokers. Based on our investigation, CityInv260 is a scam.The platform's claim of being licensed by the Central Bank of Ireland (CBI) is false, as there is no record of this company in the CBI register. Moreover, the French Financial Authority (Autorité des Marchés Financiers, AMF) has blacklisted CityInv260 for operating forex activities without authorization. The AMF blacklist can be accessed here.Therefore, it is clear that CityInv260 is not regulated by any authority. Investing with this broker is extremely risky, as there are no legal safeguards for your funds. To mitigate such risks, we strongly suggest investors stay away from unlicensed brokers and choose a fully regulated one instead.
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